093_HB0865enr

 
HB0865 Enrolled                      LRB093 05713 SJM 05806 b

 1        AN ACT in relation to taxes.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Department of  Veterans  Affairs  Act  is
 5    amended by adding Section 2e as follows:

 6        (20 ILCS 2805/2e new)
 7        Sec.  2e.   The  World  War II Illinois Veterans Memorial
 8    Fund.  There is created in  the State treasury the World  War
 9    II Illinois Veterans Memorial Fund.  The Department must make
10    grants  from  the Fund for the construction of a World War II
11    Illinois Veterans Memorial in Springfield, Illinois.

12        Section 10.  The Illinois Income Tax Act  is  amended  by
13    changing  Sections  509 and 510 and by adding Section 507Z as
14    follows:

15        (35 ILCS 5/507Z new)
16        Sec. 507Z.  World War II Illinois Veterans Memorial  Fund
17    checkoff.    Beginning  with taxable years ending on or after
18    December 31, 2003, the Department shall print on its standard
19    individual income tax form a provision indicating that if the
20    taxpayer wishes to contribute to the World  War  II  Illinois
21    Veterans  Memorial Fund, as authorized by this amendatory Act
22    of the 93rd General Assembly, he or she may do so by  stating
23    the  amount  of  the  contribution  (not less than $1) on the
24    return and that the contribution will reduce  the  taxpayer's
25    refund  or  increase  the  amount of payment to accompany the
26    return.  Failure to remit any  amount  of  increased  payment
27    shall  reduce  the  contribution  accordingly.   This Section
28    shall not apply to any amended return.
29        The Department shall clearly state in its instructions to
 
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 1    taxpayers and shall make it clear  on  the  tax  return  form
 2    itself  that  money  donated  to  the  World  War II Illinois
 3    Veterans Memorial Fund  will  go  to  fund  a  World  War  II
 4    memorial   to   Illinois  Veterans  located  in  Springfield,
 5    Illinois and will not go to the World War  II  Memorial  Fund
 6    created   to  fund  a  national  World  War  II  memorial  in
 7    Washington, D.C.

 8        (35 ILCS 5/509) (from Ch. 120, par. 5-509)
 9        Sec. 509.  Tax  checkoff  explanations.   All  individual
10    income   tax   return   forms   shall   contain   appropriate
11    explanations  and spaces to enable the taxpayers to designate
12    contributions to  the  following  funds:    the  Child  Abuse
13    Prevention  Fund,  to the Illinois Wildlife Preservation Fund
14    (as required by the  Illinois  Non-Game  Wildlife  Protection
15    Act),  to  the Alzheimer's Disease Research Fund (as required
16    by the Alzheimer's Disease Research Act), to  the  Assistance
17    to  the Homeless Fund (as required by this Act), to the Penny
18    Severns Breast and Cervical  Cancer  Research  Fund,  to  the
19    National  World  War II Memorial Fund, to the Prostate Cancer
20    Research Fund, the Multiple Sclerosis  Assistance  Fund,  the
21    World  War  II  Illinois  Veterans  Memorial Fund, and to the
22    Korean War Veterans National Museum and Library Fund.
23        Each  form   shall   contain   a   statement   that   the
24    contributions  will  reduce the taxpayer's refund or increase
25    the amount of payment to accompany the return.    Failure  to
26    remit  any  amount  of  increased  payment  shall  reduce the
27    contribution accordingly.
28        If, on October 1 of any year, the total contributions  to
29    any  one  of  the  funds made under this Section do not equal
30    $100,000 or more, the explanations and spaces for designating
31    contributions  to  the  fund  shall  be  removed   from   the
32    individual  income tax return forms for the following and all
33    subsequent years and all subsequent contributions to the fund
 
HB0865 Enrolled             -3-      LRB093 05713 SJM 05806 b
 1    shall be refunded to the taxpayer.
 2    (Source: P.A. 91-104, eff.  7-13-99;  91-107,  eff.  7-13-99;
 3    91-357,  eff.  7-29-99;  91-833,  eff.  1-1-01;  91-836, eff.
 4    1-1-01; 92-84, eff. 7-1-02; 92-198, eff. 8-1-01; 92-651, eff.
 5    7-11-02; 92-772, eff. 8-6-02; revised 1-2-03.)

 6        (35 ILCS 5/510) (from Ch. 120, par. 5-510)
 7        Sec. 510.  Determination  of  amounts  contributed.   The
 8    Department  shall  determine  the total amount contributed to
 9    each of the following: the Child Abuse Prevention  Fund,  the
10    Illinois  Wildlife  Preservation  Fund, the Assistance to the
11    Homeless Fund, the Alzheimer's  Disease  Research  Fund,  the
12    Penny  Severns  Breast and Cervical Cancer Research Fund, the
13    National World War II  Memorial  Fund,  the  Prostate  Cancer
14    Research  Fund,  the  Multiple Sclerosis Assistance Fund, the
15    World War II Illinois Veterans Memorial Fund, and the  Korean
16    War  Veterans  National  Museum  and  Library Fund; and shall
17    notify the State Comptroller and the State Treasurer  of  the
18    amounts  to  be  transferred from the General Revenue Fund to
19    each fund, and upon receipt of such  notification  the  State
20    Treasurer and Comptroller shall transfer the amounts.
21    (Source: P.A.  91-104,  eff.  7-13-99;  91-107, eff. 7-13-99;
22    91-833, eff. 1-1-01; 91-836, eff. 1-1-01; 92-84, eff. 7-1-02;
23    92-198, eff.  8-1-01;  92-651,  eff.  7-11-02;  92-772,  eff.
24    8-6-02.)

25        Section  15.   The State Finance Act is amended by adding
26    Section 5.595 as follows:

27        (30 ILCS 105/5.595 new)
28        Sec. 5.595.  The World War II Illinois Veterans  Memorial
29    Fund.

30        Section  99.  Effective date.  This Act takes effect upon
 
HB0865 Enrolled             -4-      LRB093 05713 SJM 05806 b
 1    becoming law.